Paytm is one of the most used mobile wallet app for smartphones. But its popularity was dropping since the launch of UPI. Because it didn’t have BHIM UPI feature just like other apps like PhonePe. But soon after its launch of Paytm Payments Bank, it has come up with BHIM UPI too. Recently, it has integrated BHIM UPI service in its main Paytm app. Now you can use it to make and receive payments via BHIM platform. Isn’t it great?
Paytm is now aiming to be India’s largest BHIM UPI app with the launch of its BHIM UPI services. Paytm is already the largest mobile wallet out there. And it may surely surpass all other apps in terms of UPI transactions in no time.
Also Read: How To Buy Paytm Gold
What is BHIM UPI?
BHIM UPI is an interface for making cashless bank to bank payments instantly. You can use it to pay at shops, your friends, family and anybody else who is on the BHIM UPI platform. The main highlight of the BHIM UPI is that it does not require the account number and IFSC. Instead, it uses the mobile number to activate UPI and UPI ID or mobile number for payments. You can also make payments using Aadhaar number or account number with BHIM UPI.
There are too many UPI apps are already available such as BHIM App, PhonePe App, BHIM SBI Pay. And every Paytm user, including me, was waiting for Paytm to integrate BHIM UPI service in its app. Hence, Paytm has finally done it.
Paytm’s Journey towards BHIM UPI
Paytm was only a mobile wallet when UPI was launched. It offered its users to make and receive small payments, recharge phones, and pay bills. For it, users have to load money in Paytm wallet from their bank account. But soon after the launch of UPI, it has applied for the license of a payments bank.
Recently, its application was approved and it has opened its payment banks. And it started to allow people to open a Paytm savings account through its app. Now it was the turn to integrate BHIM UPI in its app. And Paytm took only a few weeks for it. On 7th November, it launched its new update containing thee BHIM UPI feature.
Features of BHIM UPI in Paytm App
Make and Receive Payments
Now that Paytm has integrated BHIM UPI, you can make and receive payments via its platform. Payments using BHIM UPI are instant and fully secure. You only need the UPI ID of the recipient to make a payment. Along with that, you can also pay using mobile number, Aadhaar number and account number and IFSC.
You can also pay by scanning a BHIM QR Code using the Paytm app. It is an even faster way to make payments. Option to generate a BHIM QR Code is also available in the app. Share your QR code with anyone to receive payments using it.
Link Unlimited Bank Accounts
Paytm app allows you to link unlimited bank accounts with your UPI ID. However, you must select a default bank account that will be used for your payments. And you can do it in just a few taps of your finger. You can also choose different default accounts for making and receiving payments.
Create Two UPI IDs
Paytm app is the only app in which you can create two UPI IDs and assign different accounts to these. The default UPI ID will be your mobile number. But you can then change it and add one more UPI ID. If you have added two different accounts. Then you can make the first account default for first UPI ID and the second account for second UPI ID.
This way both of your UPI IDs and bank accounts will be active. And you don’t have to change default bank account everytime you want to make a payment. However, if you add more than two accounts then you might need to change the default account sometimes.
Set and Reset UPI PIN
You can set your UPI PIN using the Paytm app itself. And in case you forgot your UPI PIN, you can also reset it using the app. All you need is your debit card number’s last 6 digits and expiry date. Enter these details in the required box and hit submit. You will receive an OTP. Enter this OTP along with the new UPI PIN you want to set. Confirm the UPI PIN again and it is done.
Check Balance and BHIM Transactions
Just like most of the BHIM UPI apps, you can check your account balance using Paytm too. You can also check the transactions that are done through BHIM UPI platform.
How to Activate BHIM UPI in Paytm App
BHIM App is perhaps the simplest UPI app available out there. But after seeing Paytm’s BHIM UPI feature, I think it is going to beat BHIM in the simplicity. Especially, if you are already a Paytm user, it becomes even easier. You need just a few clicks to enable BHIM UPI on your Paytm app.
Even if you aren’t a Paytm user, you won’t find much difficulty in enabling BHIM UPI. Following are the steps to enable BHIM UPI feature.
Register for Paytm
If you are already registered with Paytm then these steps aren’t for you. These steps are only for those who are using Paytm for the first time.
- Install the Paytm app on your mobile and launch it after installation completes.
- Select the language you want to use and allow the permissions required to work the app.
- If you already have a Paytm account then log into it using your mobile number and password. If not then tap on create a new account.
- Enter your mobile number and create a new password. You can also enter your email id but it is purely optional.
- Submit it and your account is created.
Note: You should use the mobile number which is linked to your bank account to register in Paytm. Because Paytm uses the same mobile number to activate BHIM UPI.
Activate BHIM UPI in Paytm
After you register in Paytm app, you can activate BHIM UPI in it. Below are the exact steps.
- Login to Paytm app using your mobile number and password.
- You will find BHIM UPI option on its home screen after login. Tap on it to access BHIM UPI.
- In the next page, you need to select the bank in which you have your account. The bank will then checks your bank account. And if the account and mobile number match, Paytm activates the BHIM UPI and links the bank account with it.
- Now, you can set your UPI PIN using last 6 digits and expiry date of your debit card. You need to verify these details using the OTP you receive and then set your 4 or 6-digit UPI PIN.
- That’s it. Now your Paytm app is ready to make and receive payments through the platform of BHIM UPI.